winter winter fuel fuel trump payment talks trade london uturn fuel payment

Thames Water creditors offer up £5bn as part of emergency turnaround plan

Regulator Ofwat concerned that plans do not write off enough debt to secure investment-grade credit ratingNils Pratley: Thames Water’s creditors are being too greedyLenders to Thames Water have said they will provide £5bn in funding to the struggling utility, in an emergency turnaround plan that has quickly raised concerns from the water regulator, Ofwat, over potentially inadequate losses for debt holders.The group of existing senior creditors to Thames Water, a band of more than 100 financial institutions, said their plan would inject £3bn of equity and another £2.25bn of debt. Continue reading...

Comments

Similar News

Creditors table £17bn plan for Thames Water but call for regulatory leniency

about 6 hours ago

Thames Water’s creditors are being too greedy | Nils Pratley

about 7 hours ago

Creditors table £17bn plan for Thames Water but call for regulatory leniency

about 7 hours ago

MPs ask minister if he will claw back Thames Water executive bonuses

about 10 hours ago

Bidders demand Thames Water granted immunity over environmental crimes

Thames Water rescue faces 'short and closing window', creditors warn

A race against time: what now for Thames Water after rescue deal collapses?

Thames Water creditors warn of "short and closing window" to agree rescue deal

Hapless Thames Water is finally drinking in the last chance saloon

Folly of funny money deals: A market solution would be best for Thames Water, says ALEX BRUMMER

KKR abandons £4bn rescue of Thames Water: Nationalisation now looms for debt-ridden firm

Thames Water creditors line up McTighe to spearhead rescue deal

Thames Water nationalisation ‘not the answer’ says minister after private equity rescue fails

Voices: If the government wants to save Thames Water, it’s going to need to get its hands dirty

Public ownership ‘not the answer’ says Reed after Thames Water deal collapse

Public ownership ‘not the answer’ says Reed after Thames Water deal collapse

OPINION - Thames Water's options are running dry. So who's to blame?

Thames crisis underlines scale of water industry turnaround task

US private equity firm KKR drops bid to buy troubled British utility Thames Water

Thames Water rescue takeover collapses after private equity firm KKR drops out

Business News

The state pensioners who will get bigger £300 winter fuel payment instead of £200

The state pensioners who will get bigger £300 winter fuel payment instead of £200

about 1 hour ago

Scotland has led on innovation in the past - can it do so again?

Scotland has led on innovation in the past - can it do so again?

about 1 hour ago

Highlight of Glasgow business calendar to return for its 27th year

Highlight of Glasgow business calendar to return for its 27th year

about 1 hour ago

Famous Scottish retailer appoints ex-Rangers chief as loss reported

Famous Scottish retailer appoints ex-Rangers chief as loss reported

about 1 hour ago

Scottish family-run engineering firm wins major train contract with transport giant

Scottish family-run engineering firm wins major train contract with transport giant

about 1 hour ago

Paternity pay in UK is one of the lowest in the developed world, MPs say

Paternity pay in UK is one of the lowest in the developed world, MPs say

about 1 hour ago

How to watch the FIFA Club World Cup 2025 for free on UK TV and live stream

How to watch the FIFA Club World Cup 2025 for free on UK TV and live stream

about 1 hour ago

How To Watch The U.S. Open, And What To Expect At Golf’s Third Major

How To Watch The U.S. Open, And What To Expect At Golf’s Third Major

about 1 hour ago

All the benefits that could be STOPPED over easy holiday mistake including Universal Credit and PIP

All the benefits that could be STOPPED over easy holiday mistake including Universal Credit and PIP

about 3 hours ago

Cutting agricultural budget could be 'catastrophic' for nature, farmers and charities warn

Cutting agricultural budget could be 'catastrophic' for nature, farmers and charities warn

about 3 hours ago

'Perfect' Father's Day present dubbed 'must have for dads' is £11

'Perfect' Father's Day present dubbed 'must have for dads' is £11

about 3 hours ago

Virgin Media's free iPad giveaway ends in hours – here's how to claim it

Virgin Media's free iPad giveaway ends in hours – here's how to claim it

about 3 hours ago

Sorry, you can't use your Costco membership card to get through TSA

Sorry, you can't use your Costco membership card to get through TSA

about 3 hours ago

Today’s NYT Mini Crossword Clues And Answers For Tuesday, June 10th

Today’s NYT Mini Crossword Clues And Answers For Tuesday, June 10th

about 3 hours ago

WWE Raw Results, Winners And Grades On June 9, 2025

WWE Raw Results, Winners And Grades On June 9, 2025

about 3 hours ago

‘The Walking Dead: Dead City’ Season 2, Episode 6 Review — Barely Watchable, Unbearably Silly

‘The Walking Dead: Dead City’ Season 2, Episode 6 Review — Barely Watchable, Unbearably Silly

about 3 hours ago

HBO and CNN owner Warner Bros Discovery to split in two

HBO and CNN owner Warner Bros Discovery to split in two

about 3 hours ago

Labour urged ‘means-test state pension’ to tackle inequality

Labour urged ‘means-test state pension’ to tackle inequality

about 4 hours ago

Nine Hobbycraft stores to shut in DAYS as part of huge restructuring – and they’ve launched closing down sales

Nine Hobbycraft stores to shut in DAYS as part of huge restructuring – and they’ve launched closing down sales

about 4 hours ago

Govt commits £14.2bn to new nuclear power station

Govt commits £14.2bn to new nuclear power station

about 4 hours ago

B.C. government takes heat over marked growth in public payroll

B.C. government takes heat over marked growth in public payroll

about 4 hours ago

Why The Russia-Ukraine War Is Also A Complex Energy Conflict

Why The Russia-Ukraine War Is Also A Complex Energy Conflict

about 4 hours ago

‘Housefull 5’ Is Fifth Highest-Grossing Film Worldwide This Weekend

‘Housefull 5’ Is Fifth Highest-Grossing Film Worldwide This Weekend

about 4 hours ago

Why China Is Pursuing Domestic Shale Gas

Why China Is Pursuing Domestic Shale Gas

about 4 hours ago

UFC 317 Fight Card Gets Major Update With Injury

UFC 317 Fight Card Gets Major Update With Injury

about 4 hours ago

20 Accomplishments By BTS’ V During His South Korean Military Service

20 Accomplishments By BTS’ V During His South Korean Military Service

about 4 hours ago

Leaders of 'orgasmic meditation' women's wellness company OneTaste convicted in forced labor trial

washington times

Leaders of 'orgasmic meditation' women's wellness company OneTaste convicted in forced labor trial

about 5 hours ago

Home of Golf worth more than £300m annually to the Scottish economy

Home of Golf worth more than £300m annually to the Scottish economy

about 5 hours ago

Creditors table £17bn plan for Thames Water but call for regulatory leniency

Evening Standard

Creditors table £17bn plan for Thames Water but call for regulatory leniency

about 6 hours ago

Decathlon extends No Tent Left Behind summer refund pledge

Evening Standard

Decathlon extends No Tent Left Behind summer refund pledge

about 6 hours ago

Eurostar plans direct trains from London to Germany and Switzerland

Evening Standard

Eurostar plans direct trains from London to Germany and Switzerland

about 6 hours ago

Geologists unveil UK ‘super regions’ with best potential for transition projects

Evening Standard

Geologists unveil UK ‘super regions’ with best potential for transition projects

about 6 hours ago

Reeves signs off on £14bn to build new nuclear plant Sizewell C

Evening Standard

Reeves signs off on £14bn to build new nuclear plant Sizewell C

about 6 hours ago

Consumer spending slows to lowest growth of the year amid falling confidence

Evening Standard

Consumer spending slows to lowest growth of the year amid falling confidence

about 6 hours ago

These CEOs plan to invest billions in 'Trump accounts,' government savings plans for newborns

These CEOs plan to invest billions in 'Trump accounts,' government savings plans for newborns

about 6 hours ago

Diddy's ex, 'Jane,' is now his 2nd accuser to describe being sex-trafficked by violence

Diddy's ex, 'Jane,' is now his 2nd accuser to describe being sex-trafficked by violence

about 6 hours ago

Imaging Satellites Can Protect Ceasefire, Peacekeeper Lives In Ukraine

Imaging Satellites Can Protect Ceasefire, Peacekeeper Lives In Ukraine

about 6 hours ago

Today’s NYT Strands Puzzle: Hints, Spangram And Answers For Tuesday, June 10th

Today’s NYT Strands Puzzle: Hints, Spangram And Answers For Tuesday, June 10th

about 6 hours ago

Today’s ‘Wordle’ #1452 Hints, Clues And Answer For Tuesday, June 10th

Today’s ‘Wordle’ #1452 Hints, Clues And Answer For Tuesday, June 10th

about 6 hours ago

From festivals to weddings: Why drone shows are booming

From festivals to weddings: Why drone shows are booming

about 6 hours ago

China's electric cars are becoming slicker and cheaper - but is there a deeper cost?

China's electric cars are becoming slicker and cheaper - but is there a deeper cost?

about 6 hours ago

Sizewell C nuclear plant gets £14bn go-ahead from government

Sizewell C nuclear plant gets £14bn go-ahead from government

about 6 hours ago

People on £10,000 to £96,000 tell us what they want from the Spending Review

People on £10,000 to £96,000 tell us what they want from the Spending Review

about 6 hours ago

Trump gets 'good reports' from his team in trade talks with China

washington times

Trump gets 'good reports' from his team in trade talks with China

about 7 hours ago

Apple making its AI accessible to developers as its researchers cast doubt on large models' future

washington times

Apple making its AI accessible to developers as its researchers cast doubt on large models' future

about 7 hours ago

Attorneys get more time to argue over contested copper mine on land sacred to Apaches

Attorneys get more time to argue over contested copper mine on land sacred to Apaches

about 7 hours ago

Waymo halts service in downtown Los Angeles amid ICE protests

Waymo halts service in downtown Los Angeles amid ICE protests

about 7 hours ago

Home Depot caught in the crosshairs of L.A. immigrations raids

Home Depot caught in the crosshairs of L.A. immigrations raids

about 7 hours ago

Disney finally owns all of Hulu, ending long tug-of-war with Comcast

Disney finally owns all of Hulu, ending long tug-of-war with Comcast

about 7 hours ago

ABC News staffers ‘pissed’ at Terry Moran over ‘stupid’ verbal assault on Trump aide Stephen Miller: ‘He should be fired’

ABC News staffers ‘pissed’ at Terry Moran over ‘stupid’ verbal assault on Trump aide Stephen Miller: ‘He should be fired’

about 7 hours ago

Disney paying additional $438.7M to buy out NBCUniversal’s Hulu stake

Disney paying additional $438.7M to buy out NBCUniversal’s Hulu stake

about 7 hours ago

Creditors table £17bn plan for Thames Water but call for regulatory leniency

Creditors table £17bn plan for Thames Water but call for regulatory leniency

about 7 hours ago

Consumer spending slows to lowest growth of the year amid falling confidence

Consumer spending slows to lowest growth of the year amid falling confidence

about 7 hours ago

Spending falls to lowest point in year as businesses ‘grapple with extra costs’

Spending falls to lowest point in year as businesses ‘grapple with extra costs’

about 7 hours ago

Geologists unveil UK ‘super regions’ with best potential for transition projects

Geologists unveil UK ‘super regions’ with best potential for transition projects

about 7 hours ago

Eurostar plans direct trains from London to Germany and Switzerland

Eurostar plans direct trains from London to Germany and Switzerland

about 7 hours ago

Decathlon extends No Tent Left Behind summer refund pledge

Decathlon extends No Tent Left Behind summer refund pledge

about 7 hours ago

Reeves signs off on £14bn to build new nuclear plant Sizewell C

Reeves signs off on £14bn to build new nuclear plant Sizewell C

about 7 hours ago

High street retailer to issue refunds for USED tents that are returned this summer – and it’s perfect for festivals

High street retailer to issue refunds for USED tents that are returned this summer – and it’s perfect for festivals

about 7 hours ago

A complete timeline of Justin Baldoni and Blake Lively's feud and lawsuits

A complete timeline of Justin Baldoni and Blake Lively's feud and lawsuits

about 7 hours ago